Sectors & Industries HealthcareBiotechnology
Best Biotech Stocks to Buy Now (2024)
Top biotech stocks in 2024 ranked by overall Zen Score. See the best biotech stocks to buy now, according to analyst forecasts for the biotechnology industry.

Industry: Biotechnology

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
TOVX	THERIVA BIOLOGICS INC	$0.42	34,404	-29.80%	0.40	0.42	0.45	0.47	0.50	47.35	61.75	61.97	74.69	75.87	-0.01	-0.01	0.00	0.76
XLO	XILIO THERAPEUTICS INC	$1.05	182,804	-18.59%	1.07	1.18	0.95	0.81	1.49	48.44	24.32	23.12	17.60	15.38	0.01	0.05	-0.03	1.00
BBIO	BRIDGEBIO PHARMA INC	$27.74	1,200,247	-47.44%	25.54	26.18	28.77	32.88	30.86	54.74	67.38	49.63	95.70	84.60	-0.79	-1.18	0.39	1.40
INBX	INHIBRX INC	$34.01	240,639	-65.07%	34.16	34.48	35.26	34.99	27.22	37.64	27.68	25.97	53.40	43.70	-0.31	-0.32	0.01	1.70
CERE	CEREVEL THERAPEUTICS HOLDINGS INC	$42.59	1,517,671	62.93%	42.34	42.13	41.93	41.98	33.13	60.05	87.01	90.89	91.29	95.30	0.16	0.08	0.07	1.14
SNGX	SOLIGENIX INC	$0.41	143,723	47.31%	0.41	0.43	0.57	0.63	0.58	38.75	4.47	5.42	61.08	66.44	-0.05	-0.05	0.01	0.54
BHVN	BIOHAVEN LTD	$39.90	794,513	-50.77%	39.19	44.01	50.11	46.90	35.55	35.17	17.32	16.09	53.88	36.31	-3.49	-3.40	-0.10	1.72
TPST	TEMPEST THERAPEUTICS INC	$3.54	482,183	87.08%	3.43	3.51	3.69	3.87	2.95	48.32	62.26	53.09	88.90	86.63	-0.09	-0.11	0.02	1.54
AIM	AIM IMMUNOTECH INC	$0.40	116,604	72.21%	0.42	0.47	0.43	0.44	0.49	42.94	11.79	13.39	8.40	6.02	-0.01	-0.00	-0.01	-0.31
REVB	REVELATION BIOSCIENCES INC	$2.35	64,039	132.67%	2.15	2.20	2.61	6.81	13.86	48.68	62.05	52.70	94.87	92.30	-0.18	-0.25	0.07	1.19
PROK	PROKIDNEY CORP	$2.15	351,307	-31.45%	0.29	0.26	0.29	0.32	0.52	71.54	69.33	59.35	98.41	90.83	0.02	-0.00	0.02	0.58
SONN	SONNET BIOTHERAPEUTICS HOLDINGS INC	$1.92	7,348	-76.49%	1.80	1.85	1.90	1.71	2.79	54.33	50.17	37.46	77.92	62.79	-0.02	-0.03	0.01	1.11
ADVM	ADVERUM BIOTECHNOLOGIES INC	$10.00	374,224	83.90%	10.15	11.00	14.70	13.21	13.50	31.18	31.47	24.98	85.04	63.33	-1.33	-1.38	0.06	1.12
PIRS	PIERIS PHARMACEUTICALS INC	$11.24	81,346	70.82%	11.69	12.64	13.66	13.58	17.51	30.82	16.61	16.97	15.18	19.15	-0.73	-0.64	-0.09	1.30
ALNY	ALNYLAM PHARMACEUTICALS INC	$150.31	660,073	-9.98%	145.87	148.10	150.03	165.11	171.65	53.65	55.55	41.13	80.07	66.37	-1.27	-1.87	0.59	0.79
FHTX	FOGHORN THERAPEUTICS INC	$6.11	68,642	13.17%	5.46	6.14	6.47	5.78	5.82	51.12	34.32	28.36	60.44	41.62	-0.24	-0.25	0.01	1.41
FRES	FRESH2 GROUP LTD	$0.50	63,098	-79.63%	0.49	0.44	0.46	0.52	1.19	52.58	57.06	59.97	62.29	67.12	0.01	0.00	0.01	0.51
BDRX	BIODEXA PHARMACEUTICALS PLC	$1.24	319,075	-35.07%	1.05	0.99	1.14	1.63	3.14	55.44	64.17	65.42	79.38	90.23	0.03	-0.04	0.07	0.65
CGEN	COMPUGEN LTD	$2.16	553,299	65.96%	1.96	2.05	2.38	2.13	1.52	51.61	50.00	34.37	91.14	83.45	-0.11	-0.13	0.03	1.46
TRVN	TREVENA INC	$0.41	66,166	72.95%	0.39	0.39	0.47	0.56	0.64	48.36	69.78	68.64	87.98	87.01	-0.02	-0.03	0.01	0.75
GYRE	GYRE THERAPEUTICS INC	$14.10	90,458	-27.72%	15.69	15.93	17.61	18.58	13.70	38.97	23.55	47.22	6.96	32.78	-0.56	-0.42	-0.14	1.16
CELU	CELULARITY INC	$3.12	32,325	270.91%	3.09	3.76	4.52	3.75	3.27	35.18	8.92	6.57	41.28	28.46	-0.49	-0.46	-0.03	0.53
CYTK	CYTOKINETICS INC	$64.34	576,673	-53.20%	64.79	68.05	68.93	70.72	51.82	42.21	18.33	10.88	36.60	17.13	-1.94	-1.45	-0.49	0.97
CHRS	COHERUS BIOSCIENCES INC	$2.17	992,384	-28.26%	2.07	2.18	2.28	2.38	3.07	49.33	38.31	25.72	75.11	56.94	-0.08	-0.08	0.00	1.25
MCRB	SERES THERAPEUTICS INC	$1.11	3,229,691	-52.53%	0.83	0.75	0.84	1.01	1.78	74.44	93.34	95.01	100.00	100.00	0.05	-0.01	0.06	1.18
LCTX	LINEAGE CELL THERAPEUTICS INC	$1.05	1,837,058	226.84%	1.12	1.22	1.22	1.15	1.19	38.87	6.83	6.94	13.00	13.54	-0.05	-0.03	-0.02	1.22
CNTX	CONTEXT THERAPEUTICS INC	$1.75	26,468,603	71,124.92%	1.40	1.40	1.27	1.17	1.13	70.51	37.89	28.17	42.70	26.42	0.06	0.05	0.01	0.94
CYBN	CYBIN INC	$0.35	1,564,059	-34.28%	45.21	45.54	45.59	48.61	46.91	61.65	65.25	51.37	76.58	72.11	0.04	-0.26	0.30	0.80
BOLD	BOUNDLESS BIO INC	$9.05	149,930	42.07%	10.59	11.12	N/A	N/A	N/A	28.72	10.92	26.31	N/A	N/A	N/A	N/A	N/A	1.62
INAB	IN8BIO INC	$1.02	195,308	170.40%	1.55	1.78	3.36	4.97	6.39	30.26	16.90	12.78	69.16	46.31	-0.48	-0.57	0.09	0.96
ASMB	ASSEMBLY BIOSCIENCES INC	$12.81	20,698	70.54%	13.08	13.70	13.15	11.79	11.27	45.36	26.65	25.11	17.29	11.82	-0.11	0.04	-0.16	1.07
NEXI	NEXIMMUNE INC	$3.12	14,099	34.05%	3.35	3.51	5.01	6.00	5.43	33.22	21.11	24.76	74.10	78.88	-0.55	-0.63	0.07	1.05
MNPR	MONOPAR THERAPEUTICS	$0.66	31,435	60.14%	0.65	0.66	0.77	0.58	0.56	48.19	23.04	28.97	30.05	28.45	-0.01	-0.01	0.00	0.45
ESLA	ESTRELLA IMMUNOPHARMA INC	$1.05	8,725	-22.96%	0.20	0.22	0.25	0.38	1.11	37.99	26.45	26.00	70.48	69.96	-0.02	-0.02	0.00	0.15
OGEN	ORAGENICS INC	$1.05	9,432	4.64%	1.06	1.13	1.43	3.07	3.24	34.14	11.67	8.29	68.21	44.77	-0.15	-0.17	0.03	0.58
VANI	VIVANI MEDICAL INC	$1.72	51,913	-2.57%	1.69	1.84	1.96	1.49	1.26	45.21	12.23	7.09	20.93	8.98	-0.07	-0.05	-0.02	1.13
NBY	NOVABAY PHARMACEUTICALS INC	$0.09	540,294	-58.64%	0.08	0.08	0.12	0.15	0.32	45.79	62.86	54.92	96.55	96.55	-0.01	-0.01	0.00	0.81
NAMS	NEWAMSTERDAM PHARMA CO NV	$22.57	136,067	-49.18%	21.49	20.58	21.63	18.96	14.32	60.92	80.97	80.00	95.87	93.55	0.26	-0.02	0.28	0.20
XTLB	XTL BIOPHARMACEUTICALS LTD	$2.53	883	-90.38%	2.52	2.66	2.03	1.48	1.20	52.30	42.63	33.28	55.88	40.29	0.08	0.14	-0.06	0.63
MNMD	MIND MEDICINE (MINDMED) INC	$9.52	653,089	-49.22%	8.92	9.50	8.74	6.32	4.92	53.92	54.07	43.09	90.02	65.43	0.03	0.09	-0.06	1.51
SAVA	CASSAVA SCIENCES INC	$22.06	1,047,963	10.00%	21.42	22.07	21.41	23.23	21.31	52.22	50.39	42.67	72.03	55.99	0.10	0.01	0.09	1.29
IMUX	IMMUNIC INC	$1.33	134,643	5.86%	1.25	1.28	1.32	1.31	1.40	54.77	45.80	33.66	64.15	42.84	-0.01	-0.02	0.01	1.05
ANRO	ALTO NEUROSCIENCE INC	$14.40	79,128	-39.14%	14.46	14.26	14.68	N/A	N/A	48.39	69.78	74.38	80.82	93.02	0.04	-0.18	0.22	-0.64
VERU	VERU INC	$1.64	4,105,912	27.24%	1.34	1.32	0.91	0.74	0.87	67.68	61.53	44.67	39.19	21.70	0.16	0.15	0.00	0.88
APLM	APOLLOMICS INC	$0.41	150,988	57.43%	0.45	0.50	0.60	0.71	1.91	25.46	9.25	14.25	0.00	0.37	-0.05	-0.05	-0.01	-0.04
KALV	KALVISTA PHARMACEUTICALS INC	$12.17	571,494	18.55%	11.25	11.46	12.14	12.49	10.99	57.06	76.40	60.66	94.47	78.35	-0.14	-0.28	0.14	0.84
KYTX	KYVERNA THERAPEUTICS INC	$15.03	538,183	-26.45%	16.78	19.70	23.91	N/A	N/A	29.11	15.75	12.63	33.35	18.74	-2.57	-2.28	-0.29	-0.10
PHIO	PHIO PHARMACEUTICALS CORP	$0.78	381,194	167.70%	0.71	0.69	0.80	0.75	1.24	55.43	31.24	24.22	67.08	54.32	-0.01	-0.02	0.01	0.59
VSTM	VERASTEM INC	$10.36	78,783	-13.61%	9.70	10.48	11.31	10.78	9.62	47.46	41.17	31.32	76.89	55.02	-0.45	-0.48	0.03	1.43
INDP	INDAPTUS THERAPEUTICS INC	$2.01	11,564	-45.35%	2.23	2.41	2.25	2.02	2.23	39.19	7.44	8.63	3.25	3.67	-0.06	0.01	-0.07	1.15
IMNN	IMUNON INC	$1.31	21,394	-39.06%	1.32	1.38	1.16	0.91	0.99	50.65	48.21	52.58	38.10	41.46	0.03	0.06	-0.02	0.66
AVBP	ARRIVENT BIOPHARMA INC	$16.80	62,370	-5.22%	15.98	16.51	18.10	N/A	N/A	48.76	67.90	59.10	100.00	91.93	-0.54	-0.73	0.19	0.43
XRTX	XORTX THERAPEUTICS INC	$2.60	4,293	65.63%	2.77	3.10	3.67	3.02	3.73	37.44	5.65	8.77	32.79	31.80	-0.30	-0.26	-0.04	0.01
NBSE	NEUBASE THERAPEUTICS INC	$0.41	26,712	2,157.99%	0.42	0.42	0.66	0.67	0.80	33.98	28.10	34.88	61.62	69.94	-0.06	-0.07	0.01	0.86
BCDA	BIOCARDIA INC	$0.38	201,393	-83.49%	0.37	0.38	0.41	0.48	0.57	45.74	73.60	70.21	80.01	82.83	-0.01	-0.01	0.00	0.52
QNRX	QUOIN PHARMACEUTICALS LTD	$0.73	53,968	55.00%	0.68	0.72	1.16	2.57	3.88	34.42	59.53	48.73	100.00	92.52	-0.14	-0.18	0.05	1.55
SCPX	SCORPIUS HOLDINGS INC	$0.18	535,013	29.69%	0.17	0.17	0.20	0.29	0.40	50.58	31.84	43.36	57.46	73.64	-0.00	-0.01	0.01	0.73
TIL	INSTIL BIO INC	$11.22	3,615	-41.85%	10.70	10.73	11.32	10.31	9.44	56.31	77.47	58.74	95.47	86.13	-0.11	-0.18	0.08	1.53
COEP	COEPTIS THERAPEUTICS HOLDINGS INC	$0.37	377,365	372.58%	0.34	0.36	0.39	0.53	0.83	52.91	26.90	15.19	46.63	25.56	-0.01	-0.01	0.00	0.26
ANL	ADLAI NORTYE LTD	$13.02	1,064	-79.38%	13.58	12.14	9.95	9.47	N/A	56.04	70.99	76.39	26.92	42.85	1.16	1.09	0.07	-0.43
PRTG	PORTAGE BIOTECH INC	$0.26	38,452	20.10%	0.25	0.33	0.47	0.75	1.49	37.12	14.94	12.83	67.86	55.98	-0.08	-0.08	0.00	1.10
CARA	CARA THERAPEUTICS INC	$0.77	192,930	1.32%	0.72	0.75	0.84	0.76	1.34	50.89	71.27	60.84	99.25	92.86	-0.02	-0.03	0.01	1.17
FBLG	FIBROBIOLOGICS INC	$6.72	61,594	0.41%	10.00	10.43	10.98	N/A	N/A	31.78	4.43	19.82	6.32	23.35	-0.72	-0.36	-0.35	-4.40
BIOR	BIORA THERAPEUTICS INC	$0.71	418,035	45.34%	0.63	0.65	0.93	1.02	1.71	47.44	66.08	49.41	96.28	96.18	-0.07	-0.10	0.02	1.34
NVCT	NUVECTIS PHARMA INC	$6.76	30,633	-73.15%	6.61	6.90	8.29	8.14	9.97	43.74	37.15	22.15	74.90	58.84	-0.47	-0.51	0.04	0.05
LIXT	LIXTE BIOTECHNOLOGY HOLDINGS INC	$2.88	8,687	17.09%	3.15	3.25	2.86	2.52	2.60	44.15	9.72	9.82	11.17	6.67	0.01	0.10	-0.09	0.18
CALC	CALCIMEDICA INC	$6.00	25,805	23.31%	5.25	4.79	4.45	4.37	3.69	75.79	86.81	84.96	99.75	96.39	0.41	0.24	0.17	0.61
KOD	KODIAK SCIENCES INC	$3.70	243,522	-51.98%	3.38	3.74	4.94	4.35	3.38	44.00	23.87	15.47	71.75	50.10	-0.43	-0.48	0.05	1.47
MDGL	MADRIGAL PHARMACEUTICALS INC	$216.05	451,673	5.67%	206.80	222.53	240.76	232.27	201.26	45.16	37.87	27.72	75.96	51.11	-10.72	-10.27	-0.45	0.80
VERA	VERA THERAPEUTICS INC	$43.50	819,445	-45.08%	40.17	41.14	42.89	33.84	24.28	55.41	42.02	34.73	50.37	38.18	-0.14	-0.39	0.25	1.07
VAXX	VAXXINITY INC	$0.10	7,604,429	219.85%	0.18	0.36	0.58	0.66	1.12	20.01	1.92	3.55	22.65	21.30	-0.15	-0.13	-0.02	0.98
KZIA	KAZIA THERAPEUTICS LTD	$0.28	412,753	-39.06%	0.35	0.36	0.30	0.33	0.58	39.46	32.62	40.29	6.98	16.23	0.00	0.01	-0.01	0.53
TSVT	2SEVENTY BIO INC	$4.93	564,831	-25.81%	4.53	4.83	4.96	4.60	4.48	52.73	64.98	56.01	68.74	47.94	-0.12	-0.12	0.00	1.65
AGEN	AGENUS INC	$12.52	976,834	6.12%	9.56	8.69	10.93	12.57	17.38	62.18	83.03	83.93	94.20	96.28	0.40	-0.50	0.90	1.22
ADXN	ADDEX THERAPEUTICS LTD	$8.85	19,475	24.78%	13.73	18.71	14.35	11.16	9.68	32.11	3.81	3.53	4.68	2.69	-1.77	0.08	-1.86	0.36
ALRN	AILERON THERAPEUTICS INC	$3.82	149,308	-69.14%	4.66	5.13	5.36	4.65	3.13	33.03	9.54	15.80	9.38	24.62	-0.34	-0.21	-0.13	1.04
AKBA	AKEBIA THERAPEUTICS INC	$1.30	2,489,210	-19.49%	1.33	1.40	1.56	1.49	1.33	38.50	16.26	11.56	27.12	10.20	-0.09	-0.08	-0.01	1.49
AVTX	AVALO THERAPEUTICS INC	$15.39	53,522	-15.51%	14.74	14.75	10.03	8.69	20.01	57.20	64.26	68.88	72.29	83.61	1.48	1.57	-0.09	1.22
PTCT	PTC THERAPEUTICS INC	$33.62	695,083	-36.53%	28.80	27.55	28.66	27.88	28.56	70.77	88.08	90.25	97.50	99.17	1.09	0.05	1.04	0.99
SMMT	SUMMIT THERAPEUTICS INC	$4.06	2,981,232	-44.71%	3.83	3.81	4.05	3.71	2.80	53.19	65.43	67.74	81.79	93.93	0.04	-0.05	0.09	0.46
CSBR	CHAMPIONS ONCOLOGY INC	$4.87	1,457	39.03%	4.98	4.99	5.25	5.51	5.77	38.98	22.56	25.11	4.46	9.39	-0.09	-0.09	0.00	0.80
DARE	DARE BIOSCIENCE INC	$0.31	966,065	-46.89%	0.30	0.37	0.45	0.39	0.46	39.46	17.47	12.82	52.23	41.96	-0.04	-0.04	-0.00	0.74
EVAX	EVAXION BIOTECH A	$3.89	7,567	106.97%	4.13	4.08	3.59	4.90	6.94	47.97	32.74	56.61	3.31	23.80	0.11	0.14	-0.03	0.52
OMER	OMEROS CORP	$3.72	275,383	9.82%	3.19	3.34	3.68	3.57	3.20	60.19	47.64	28.80	69.97	44.32	-0.07	-0.13	0.06	1.21
GUTS	FRACTYL HEALTH INC	$6.51	136,058	27.18%	6.63	6.79	7.44	N/A	N/A	41.68	49.50	52.15	61.77	75.39	-0.23	-0.28	0.05	1.81
FGEN	FIBROGEN INC	$1.13	920,975	-15.38%	1.09	1.24	1.73	1.48	1.22	36.35	48.34	40.13	95.68	84.23	-0.20	-0.22	0.02	1.39
BPTH	BIO-PATH HOLDINGS INC	$2.66	51,706	24.62%	2.88	3.19	4.38	6.85	8.79	36.07	7.52	8.15	49.01	50.03	-0.53	-0.58	0.04	0.69
VINC	VINCERX PHARMA INC	$0.93	250,580	-13.19%	0.87	1.34	3.88	2.56	1.72	33.53	63.30	46.84	98.12	87.31	-0.89	-0.97	0.08	0.45
WINT	WINDTREE THERAPEUTICS INC	$4.33	59,867	-0.81%	5.19	6.18	6.41	8.17	14.30	28.90	4.82	7.82	1.60	5.18	-0.58	-0.38	-0.21	0.62
ARWR	ARROWHEAD PHARMACEUTICALS INC	$24.13	886,246	-20.31%	23.04	23.83	27.51	29.60	28.79	46.73	50.05	38.06	94.54	88.74	-1.22	-1.47	0.25	1.34
FWBI	FIRST WAVE BIOPHARMA INC	$2.79	47,919	215.92%	2.81	3.08	4.61	4.67	5.97	36.40	29.36	25.10	79.65	68.35	-0.46	-0.52	0.06	0.71
TELO	TELOMIR PHARMACEUTICALS INC	$6.84	3,578	-35.27%	6.76	7.34	7.25	N/A	N/A	48.53	32.43	35.00	33.54	35.49	-0.11	-0.06	-0.05	-0.47
MBIO	MUSTANG BIO INC	$0.29	244,485	1.83%	0.31	0.41	0.84	1.10	1.86	26.89	14.98	9.06	70.11	45.85	-0.17	-0.18	0.01	1.51
CADL	CANDEL THERAPEUTICS INC	$8.43	1,251,990	14.97%	14.38	14.48	14.24	13.58	13.80	54.01	76.34	65.27	91.95	86.18	0.03	0.02	0.01	0.70
MYMD	MYMD PHARMACEUTICALS INC	$3.25	28,335	-78.99%	2.86	2.63	2.81	4.29	12.65	64.98	89.80	86.00	100.00	99.63	0.09	-0.03	0.12	1.48
PMN	PROMIS NEUROSCIENCES INC	$1.99	4,583	-78.60%	1.98	2.11	2.04	1.88	1.95	47.55	49.56	43.43	37.73	31.80	-0.03	-0.01	-0.02	0.50
CTCX	CARMELL CORP	$2.05	1,633	-63.05%	6.54	6.26	3.57	2.45	1.74	76.52	86.77	72.90	84.94	63.46	1.14	1.02	0.12	0.04
GRI	GRI BIO INC	$0.43	34,302	-60.66%	0.44	0.48	0.66	1.38	6.76	25.27	9.28	9.61	6.41	2.14	-0.08	-0.10	0.01	0.80
MLEC	MOOLEC SCIENCE SA	$1.35	364,655	-2.81%	1.54	1.40	1.50	1.83	2.36	47.01	10.48	11.27	36.77	37.47	-0.01	-0.01	-0.01	0.53
ITRM	ITERUM THERAPEUTICS PLC	$1.58	233,234	-1.89%	1.56	1.58	1.53	1.63	1.31	50.92	44.44	44.27	57.05	57.15	-0.00	-0.00	0.00	0.89

Biotech Stocks FAQ

What are the best biotech stocks to buy right now in May 2024?

According to Zen Score, the 3 best biotechnology stocks to buy right now are:

1. Corcept Therapeutics (NASDAQ:CORT)

Corcept Therapeutics (NASDAQ:CORT) is the top biotech stock with a Zen Score of 65, which is 42 points higher than the biotech industry average of 23. It passed 21 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 11.92% over the past year, overperforming other biotech stocks by 30 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 62.28% from Corcept Therapeutics's current stock price of $25.06.

Corcept Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Corcept Therapeutics, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Incyte (NASDAQ:INCY)

Incyte (NASDAQ:INCY) is the second best biotech stock with a Zen Score of 64, which is 41 points higher than the biotech industry average of 23. It passed 20 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -24.11% over the past year, underperforming other biotech stocks by -6 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 41.12% from Incyte's current stock price of $53.09.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 30.77% have issued a Strong Buy rating, 23.08% have issued a Buy, 46.15% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Amylyx Pharmaceuticals (NASDAQ:AMLX)

Amylyx Pharmaceuticals (NASDAQ:AMLX) is the third best biotech stock with a Zen Score of 63, which is 40 points higher than the biotech industry average of 23. It passed 20 out of 33 due diligence checks and has strong fundamentals. Amylyx Pharmaceuticals has seen its stock lose -92.81% over the past year, underperforming other biotech stocks by -74 percentage points.

Amylyx Pharmaceuticals has an average 1 year price target of $11.00, an upside of 450% from Amylyx Pharmaceuticals's current stock price of $2.00.

Amylyx Pharmaceuticals stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Amylyx Pharmaceuticals, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the biotech stocks with highest dividends?

Out of 3 biotech stocks that have issued dividends in the past year, the 3 biotech stocks with the highest dividend yields are:

1. Mei Pharma (NASDAQ:MEIP)

Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 57.19%, which is 42 percentage points higher than the biotech industry average of 15.03%.

Mei Pharma's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

2. Novo Nordisk A S (NYSE:NVO)

Novo Nordisk A S (NYSE:NVO) has an annual dividend yield of 1.11%, which is -14 percentage points lower than the biotech industry average of 15.03%. Novo Nordisk A S's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Novo Nordisk A S's dividend has shown consistent growth over the last 10 years.

Novo Nordisk A S's dividend payout ratio of 47.8% indicates that its dividend yield is sustainable for the long-term.

3. Bio Techne (NASDAQ:TECH)

Bio Techne (NASDAQ:TECH) has an annual dividend yield of 0.42%, which is -15 percentage points lower than the biotech industry average of 15.03%. Bio Techne's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Bio Techne's dividend has shown consistent growth over the last 10 years.

Bio Techne's dividend payout ratio of 22.7% indicates that its dividend yield is sustainable for the long-term.

Why are biotech stocks up?

Biotech stocks were up 1.42% in the last day, and up 6.14% over the last week. Context Therapeutics was the among the top gainers in the biotechnology industry, gaining 28.68% yesterday.

Context Therapeutics shares are trading higher after the company announced FDA clearance of its IND application for a Phase 1 clinical trial of CTIM-76.

What are the most undervalued biotech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued biotech stocks right now are:

1. Incyte (NASDAQ:INCY)

Incyte (NASDAQ:INCY) is the most undervalued biotech stock based on WallStreetZen's Valuation Score. Incyte has a valuation score of 86, which is 72 points higher than the biotech industry average of 14. It passed 6 out of 7 valuation due diligence checks.

Incyte's stock has dropped -24.11% in the past year. It has underperformed other stocks in the biotech industry by -6 percentage points.

2. Royalty Pharma (NASDAQ:RPRX)

Royalty Pharma (NASDAQ:RPRX) is the second most undervalued biotech stock based on WallStreetZen's Valuation Score. Royalty Pharma has a valuation score of 86, which is 72 points higher than the biotech industry average of 14. It passed 6 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -17.97% in the past year. It has performed in line with other stocks in the biotech industry.

3. Avrobio (NASDAQ:AVRO)

Avrobio (NASDAQ:AVRO) is the third most undervalued biotech stock based on WallStreetZen's Valuation Score. Avrobio has a valuation score of 71, which is 57 points higher than the biotech industry average of 14. It passed 5 out of 7 valuation due diligence checks.

Avrobio's stock has gained 88.65% in the past year. It has overperformed other stocks in the biotech industry by 107 percentage points.

Are biotech stocks a good buy now?

49.33% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 82.13% over the next year.

What is the average p/e ratio of the biotechnology industry?

The average P/E ratio of the biotechnology industry is 7.63x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.